How Much Is Car Insurance in Oklahoma? (2024) (2024)

In Oklahoma, the average yearly cost for full coverage car insurance is around $1,149, while a minimum coverage policy is around $457.

Your car insurance premium can be influenced by several factors, including your age, how much coverage you want, where you live, your driving record and your credit history. Understand how these details about you can affect your rates.

Average Car Insurance Costs in Oklahoma

Oklahoma's average full coverage car insurance cost is approximately $1,149 annually. Knowing the average cost helps you determine if you're getting a fair deal when comparing car insurance quotes.

This summary of what you might pay for car insurance in Oklahoma includes rates for minimum coverage and full coverage policies to help you budget for your car insurance needs.

Average Car Insurance Costs in Oklahoma by Company

Car insurance premiums can differ greatly from one company to another. In Oklahoma, GEICO offers the most affordable full coverage at an annual rate of $877, while Home State Insurance Group has the highest average premium at $1,555.

When searching for the cheapest car insurance in Oklahoma, gather quotes from various providers.

Average Car Insurance Costs in Oklahoma by Coverage Level

The cost of car insurance in Oklahoma is also influenced by the level of coverage you select. For example, the monthly cost for minimum coverage is typically around $38, while opting for full coverage typically amounts to about $96. It's generally recommended to choose full coverage insurance because it provides more comprehensive protection even though it might be more expensive.

Adding comprehensive and collision coverage to your policy will likely increase your premium, but choosing higher deductibles, such as $1,000, can help manage these costs. The deductible amount is applicable for each comprehensive and collision coverage incident.

Average Car Insurance Costs in Oklahoma by City

Your Oklahoma address affects your car insurance rates. Broken Arrow enjoys the cheapest full coverage at $1,033, while Tulsa rates peak at $1,115.

Car insurance costs in Oklahoma also fluctuate due to factors like driving history, car model and safety features. Other elements include credit scores and the level of coverage selected.

Average Car Insurance Costs in Oklahoma by Age

Age impacts the cost of car insurance in Oklahoma. Young drivers, specifically aged 22 to 29, typically pay the most for car insurance, with an average annual premium of $1,470. The trend reflects a decrease in premiums as drivers age, with those 30 to 59 paying about $1,149 annually, and individuals 60 or older paying approximately $1,106 a year.

This pattern illustrates that insurance companies consider younger drivers to be more at risk for accidents, leading to higher costs for coverage.

Age and gender influence car insurance rates in Oklahoma. A 16-year-old male driver added to a family policy faces an average annual premium of $2,481, usually the highest of any age group.

For a teen under 18 seeking insurance, parental co-signing is typically required due to legal restrictions. If this same young driver opts for an independent policy, the premium jumps to $6,617 annually.

Average Car Insurance Costs in Oklahoma for New Cars

The annual cost of full coverage car insurance for a 2012 car model is $827, while a 2022 counterpart merits a higher premium of $1,177. This increase is due to the newer model's higher actual cash value, augmented repair costs and escalated risk of theft.

Drivers with newer models like 2022 should consider comprehensive and collision coverage, ensuring protection against a wide range of incidents, including theft, vandalism and accidents.

Average Car Insurance Costs in Oklahoma by Driving Record

The average cost of car insurance in Oklahoma can vary greatly depending on the driver's record.

• With a ticket: $1,403 per year; $117 per month
• With an at-fault accident: $1,711 per year; $143 per month
• With a DUI: $1,628 per year; $136 per month

The type of violation affects how much more you'll have to pay for car insurance in Oklahoma. Your premiums will continue to be affected as long as the violation remains on your record, and the duration varies by state. For instance, in Oklahoma, a DUI can stay on your driving record for as long as 10 years, influencing your insurance costs throughout this period. Speeding tickets may stay on your record for three to five years.

While a DUI generally leads to higher insurance costs than other violations, some exceptions may occur due to individual insurance company policies in certain states, where other violations might push premiums even higher.

The table shows the average cost of car insurance for different driving records in Oklahoma by coverage and age group.

Average Car Insurance Costs in Oklahoma by Credit Score

Factors Affecting Car Insurance Rates in Oklahoma

Knowing the factors influencing car insurance rates in Oklahoma will help you find affordable coverage options.

• Driving Record: A clean driving record can lead to lower premiums, while accidents and traffic violations can increase your car insurance costs in Oklahoma.

• Credit Score: Insurers in Oklahoma consider credit scores when determining rates. A higher credit score may result in more affordable car insurance premiums.

• Age and Gender: Young, inexperienced drivers often face higher rates, while mature drivers may benefit from reduced costs. Gender can also impact insurance rates, with variations between male and female drivers.

• Vehicle Type: The make, model and age of your vehicle affect insurance rates. Cars with high safety ratings may cost less to insure, whereas luxury vehicles may incur higher premiums.

• Coverage Level: Choosing higher coverage limits or adding comprehensive insurance and collision insurance can increase your insurance rate, compared to state minimum coverage.

• Location Within Oklahoma: Rates can vary based on where you live within the state due to factors like crime rates, weather patterns and traffic congestion.

• Discount Eligibility: Discounts for multiple policies, good students or defensive driving courses can offset costs.

• Deductible Amount: Choosing a higher deductible may lower your premium, but it means paying more out-of-pocket in the event of a claim.

Each of these factors plays a role in determining the average cost of car insurance for Oklahoma drivers and why you might pay more or less than the state average.

How to Save Money on Car Insurance in Oklahoma

FAQ: Car Insurance Costs in Oklahoma